X0202 4 2007-11-26 0001331301 SMART BALANCE, INC. SMBL 0001137521 GLENHILL ADVISORS LLC 598 MADISON AVENUE, 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001159120 KREVLIN GLENN J GLENHILL ADVISORS, LLC 598 MADISON AVENUE, 12TH FLOOR NEW YORK NY 10022 0 0 1 0 0001137522 GLENHILL CAPITAL MANAGEMENT LLC 598 MADISON AVENUE 12TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock 2007-11-26 4 X 0 2500000 6.00 A 4570241 I See Footnote Warrants (Right to Buy Common Stock) 6.00 2007-11-26 4 X 0 2500000 D 2007-10-25 2007-12-03 Common Stock 2500000 0 I See Footnote The reporting person, Glenn J. Krevlin, is the managing member of Glenhill Advisors, LLC, a limited liability company that is a managing member of Glenhill Capital Management LLC, which has investment control of various private investment funds, including Glenhill Capital LP and Glenhill Capital Overseas Master Fund, LP, which collectively own the reported securities. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. Glenhill Capital LP exercised 1,544,500 of the warrants reported in this Form 4, and Glenhill Capital Overseas Master Fund, LP exercised 955,500 of the warrants reported in this Form 4. The reported transaction involves the exercise of warrants and therefore no price is associated therewith. /s/ Glenn J. Krevlin 2007-11-28 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 2007-11-28 /s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, Managing Member, Glenhill Capital Manangement, LLC 2007-11-28